Statements

SD

D

N

A

SA

M

F

%

F

%

F

%

F

%

F

%

Banks have strong internal policies and procedures in place to ensure financial stability and long-term profitability.

14

16.3

10

11.6

5

5.8

32

37.2

25

29.1

3.511

Internal policies provide clear instructions on record-keeping requirements.

8

9.3

11

12.8

6

7.0

40

46.5

21

24.4

3.639

Banks consistently adhere to internal policies and procedures as per FIU.

6

7.0

4

4.7

1

1.2

15

17.4

60

69.8

4.383

There are effective internal policies and procedures to enhance banks’ reputation.

16

18.6

7

8.1

3

3.5

33

38.4

27

31.4

3.558

Banks keep up with evolving AML regulations and requirements.

7

8.1

8

9.3

5

5.8

45

52.3

21

24.4

3.755

Banks have clear channels of reporting compliance concerns.

21

24.4

37

43.0

12

14.0

8

9.3

8

9.3

2.360

Banks regularly review and update internal policies and procedures.

13

15.1

4

4.7

17

19.8

52

60.5

4.058

Bank internal policies provide comprehensive guidelines on AML compliance.

12

14.0

9

10.5

8

9.3

37

43.0

20

23.3

3.511

Banks have effective senior management support and commitment.

17

19.8

14

16.3

2

2.3

18

20.9

35

40.7

3.465

Banks’ internal policies and procedures have increased the confidence of stakeholders and regulators.

6

7.0

9

10.5

7

8.1

39

45.3

25

29.1

3.790